Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) shares rose 6.9% during trading on Monday . The stock traded as high as C$1.42 and last traded at C$1.39. Approximately 178,655 shares traded hands during trading, a decline of 49% from the average daily volume of 348,159 shares. The stock had previously closed at C$1.30.

BXE has been the subject of several research analyst reports. Raymond James Financial reduced their target price on Bellatrix Exploration from C$4.00 to C$3.75 in a research note on Tuesday, October 24th. TD Securities reduced their target price on Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Eight Capital reduced their target price on Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. AltaCorp Capital downgraded Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. Finally, National Bank Financial reduced their target price on Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$2.16.

The stock has a market cap of $80.98, a P/E ratio of -1.06 and a beta of 0.70.

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Bellatrix Exploration Company Profile

Bellatrix Exploration Ltd. is an oil and gas exploration company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan.

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